Culled—Proshare July 14, 2017/Cardinal Stone Research According to media reports, the Securities and Exchange Commission (SEC) is investigating Oando Plc (“the company”) over alleged malpractices in its financial statements and has sent a formal letter to the company as it examines if any regulations have been breached. The investigation kicked-off […]
Frauds & Scandals
Heritage Bank Says Stafff not Involved in N150 Million Fraud
July 11, 2017/Heritage Bank Ltd Our attention has been brought to the report published by an online news blog, Per Second News, in which it was purported that ‘three of Heritage Bank staff’ were involved in an N150million fraud in collusion with two of MTN’s staff. Heritage Bank Plc wants […]
FG engages experts to track tax evaders’ assets
9/7/2017/Punch Ifeanyi Onuba The Federal Government has engaged an asset recovery firm to track the exact assets of tax defaulters that fail to take advantage of its nine months amnesty period under the Voluntary Assets and Income Declaration Scheme. The VAIDs programme offers a grace period from July 1, 2017 […]
